Shares of H G Infra Engineering surged 15 per cent to Rs 819.55 on the BSE in Tuesday’s intraday trade after the company received Letter of Award (LoA) from National Highways Authority of India (NHAI) for the projects worth of Rs 2,297 crore.
The stock of construction & engineering company surpassed its previous high of Rs 784.30 recorded on October 18, 2021. At 12:46 pm; it was trading 12 per cent higher at Rs 795.60, as compared to 0.09 per cent fall in the S&P BSE Sensex.
The first project is for the development of six lanes Kaliagura-Baunsaguar section of NH- 130-CD road under Raipur- Visakhapatnam Economics Corridor (Package — OD-5). The company put a bid cost of Rs 1,338.27 crore.
